Zayo Commits $65M to CapexZayo Commits $65M to Capex

LOUISVILLE, Colo. -- Zayo Bandwidth, a regional provider of fiber-based bandwidth infrastructure solutions for carrier, enterprise and government customers, announced today that it has committed $65 million in its capital expenditure program for FY 2010. Allocated funds will be used for the expansion of Zayo's fiber networks and service capabilities in support of customer driven solutions.

"While many bandwidth and infrastructure providers are cutting spending, we feel fortunate to have investor commitment to continue our rapid organic growth while at the same time supporting our customers' growing bandwidth requirements," stated Christopher Morley, CFO for Zayo Bandwidth.

Zayo Group Inc. (NYSE: ZAYO)